Price for Smoked Fish, Incl. Fillets in Nigeria - 2022
Contents:
- Price for Smoked Fish, Incl. Fillets in Nigeria (CIF) - 2022
- Price for Smoked Fish, Incl. Fillets in Nigeria (FOB) - 2022
- Imports of Smoked Fish, Incl. Fillets in Nigeria
- Exports of Smoked Fish, Incl. Fillets in Nigeria
Price for Smoked Fish, Incl. Fillets in Nigeria (CIF) - 2022
The average smoked fish, incl. fillets import price stood at $2,456 per ton in 2022, jumping by 76% against the previous year. Overall, the import price, however, showed a noticeable decrease. The import price peaked at $3,666 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Niger ($5,725 per ton), while the price for the United States ($536 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (+10.3%), while the prices for the other major suppliers experienced a decline.
Price for Smoked Fish, Incl. Fillets in Nigeria (FOB) - 2022
The average smoked fish, incl. fillets export price stood at $6,035 per ton in 2022, shrinking by -18.4% against the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2020 an increase of 95%. Over the period under review, the average export prices hit record highs at $11,953 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($28,341 per ton), while the average price for exports to Niger ($1,075 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+55.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Smoked Fish, Incl. Fillets in Nigeria
In 2022, the amount of smoked fish, incl. fillets imported into Nigeria skyrocketed to 1.2K tons, rising by 4,695% on 2021 figures. In general, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, smoked fish, incl. fillets imports soared to $2.9M in 2022. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Smoked Fish, Incl. Fillets in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 67.4 | 66.7 | 5.9 | 1,498 | 181.2% |
| Thailand | 67.7 | 272 | 14.2 | 1,405 | 174.8% |
| United States | 0.1 | 0.9 | 0.1 | 10.9 | 377.7% |
| Iceland | N/A | 22.8 | N/A | N/A | 0% |
| Others | 6.5 | 40.9 | 14.7 | 33.0 | 71.9% |
| Total | 142 | 403 | 34.8 | 2,947 | 174.8% |
Top Suppliers of Smoked Fish, Incl. Fillets to Nigeria in 2022:
- Thailand (904.7 tons)
- Niger (261.6 tons)
- United States (20.3 tons)
Exports of Smoked Fish, Incl. Fillets in Nigeria
In 2022, shipments abroad of smoked fish, incl. fillets was finally on the rise to reach 22 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a deep reduction.
In value terms, smoked fish, incl. fillets exports declined slightly to $131K in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 80%. As a result, the exports reached the peak of $136K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Smoked Fish, Incl. Fillets in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 44.7 | 98.8 | 101 | 48.1 | 2.5% |
| Canada | 14.1 | 23.0 | 24.7 | 41.6 | 43.4% |
| Switzerland | 0.5 | 0.6 | 1.6 | 16.6 | 221.4% |
| New Zealand | N/A | N/A | N/A | 7.6 | 0% |
| United Arab Emirates | 2.2 | 4.5 | 2.2 | 6.9 | 46.4% |
| Niger | 12.6 | 6.6 | 1.6 | 5.0 | -26.5% |
| Others | 1.5 | 2.0 | 2.1 | 5.6 | 55.1% |
| Total | 75.5 | 136 | 134 | 131 | 20.2% |
Top Export Markets for Smoked Fish, Incl. Fillets from Nigeria in 2022:
- Canada (8.7 tons)
- Niger (4.6 tons)
- United Arab Emirates (3.2 tons)
- United States (2.9 tons)
- New Zealand (1.0 tons)
- Switzerland (0.6 tons)
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